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illinois democratic senator dick durbin spoke today at the liberal center for american progress where he said this about the possibility of going off the cliff which fears of this show know is is really more of a curb than a cliff. >> some have called let's go over the cliff and watch what happens. we know if we're not careful, it will in fact stop economic growth and hurt everyone through every income category, particularly those most vulnerable. >> what he did not say is he must not go off the cliff. because the cliff is president obama's and the congressional democrats leverage over republicans. if we do go off the cliff or the curb on january 1st, a republican nightmare will occur. all income tax rates will go up and defense spending will be cut by 600 billion. other spending, some of it dear to republicans, will also be cut by another 600 billion. the fiscal cliff is much scarier to republicans than it is to democrats. so, the president and his allies must continue to make republicans believe they are willing to go off cliff. senator durbin simply said if we do go off the cliff o
illinois democratic senator dick durbin spoke today at the liberal center for american progress where he said this about the possibility of going off the cliff which fears of this show know is is really more of a curb than a cliff. >> some have called let's go over the cliff and watch what happens. we know if we're not careful, it will in fact stop economic growth and hurt everyone through every income category, particularly those most vulnerable. >> what he did not say is he must...
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president obama privately indicated he is willing to stick his neck out and durbin willing to do that and will nor liberal democrats come to the table with entitlement reform. we'll see if that is a bigger dynamic that changes this week. >> what is the danger i guess is one question because there are democrats like patty murray saying it isn't a cliff, it is a slope. >> the danger is a massive sudden drop in government spending and even if you hate government spending, spending does keep the economy going and when you cut that much spending all at once abruptly you create a shock to the economy and that is dangerous and there are economists that say it could send us into recession again. >> it is not going to happen immediately on january 1st is their point. >> the alternative perspective is if you believe in preserving entitlements, social security, an eventual deal, a real deal, how much different would it really look from what is on the table with the fiscal cliff? >> that's a good question. let me read to you what congressman peter difazoo told politico. if the republicans can't s
president obama privately indicated he is willing to stick his neck out and durbin willing to do that and will nor liberal democrats come to the table with entitlement reform. we'll see if that is a bigger dynamic that changes this week. >> what is the danger i guess is one question because there are democrats like patty murray saying it isn't a cliff, it is a slope. >> the danger is a massive sudden drop in government spending and even if you hate government spending, spending does...
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durbin never said those remarks. he left that out. he later said he stood by those comments, and he did argue that medicare shouldn't be part of any up front down payment on the debt but part of the next year's long longer term negotiation. now while the short term talk to republicans may be tough, the longer term message to liberals is clear. entitlements in some form or fashion will need to be on the table. that means medicare. and a new "washington post"/abc poll shows just how politically tough making any changes to medicare will be. across party lines respondents said they are opposed to increasing the medicare eligibility age to 67. overall, a familiar number, 67% oppose any change in the eligibility age. just 30% would support a rise in it. one more thing that's become very clear. democrats will extract a deal -- they would like to he can tract a deal object the debt ceiling during negotiations on the fiscal cliff. and apparently in the conversations that the president had with the house republican leadership, house republicans
durbin never said those remarks. he left that out. he later said he stood by those comments, and he did argue that medicare shouldn't be part of any up front down payment on the debt but part of the next year's long longer term negotiation. now while the short term talk to republicans may be tough, the longer term message to liberals is clear. entitlements in some form or fashion will need to be on the table. that means medicare. and a new "washington post"/abc poll shows just how...
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said, to sit down and negotiate. >> those were senators dick durbin on "morning joe" and jeanne shaheen on chris jansing discussing entitlement programs. richard and joy, how much leverage does president obama have with the left in terms of making a deal with republicans on medicaid, medicare, social security? >> none. he never does. are you kidding? the left will be disappointed like the day after inauguration day. at the end of the day -- it's kind of a subversive thought but we just had wealthy seniors, seniors in general, vote to get rid of medicare, right? they voted to get rid of medicare as long as no one touched them. if there's some changes that need to be made to the medicare ben fits of wealthy seniors i don't think democrats should make that the hill they die on. that's me. i think democrats are still going to want entitlement programs held harmless. that is true for medicaid and social security. there are things you can theoretically do in terms of raising the cap on how much income is taxed for medicare. things that wouldn't hurt poor seniors. >> richard, i've been citing
said, to sit down and negotiate. >> those were senators dick durbin on "morning joe" and jeanne shaheen on chris jansing discussing entitlement programs. richard and joy, how much leverage does president obama have with the left in terms of making a deal with republicans on medicaid, medicare, social security? >> none. he never does. are you kidding? the left will be disappointed like the day after inauguration day. at the end of the day -- it's kind of a subversive...
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we have a dick durbin sound bite. dick durbin said that. he was in favor of that. >> i can't stand it. we're losing dick durbin sound bite. megyn: time is short. the point dick durbin couldn't sell it. >> dick durbin couldn't sell peanut butter to children. megyn: was raising retirement age one year, 20 or 30 years from now. >> here's the deal. the simpson-bowles commission was only a starter. it wasn't a solution. the reality is this government is too big, growing too fast, trying to do too much for too many. a child, a 12-year-old with a basic understanding in this country that would equate to, a second grade math comprehension could understand this isn't working. and we have people playing such games, such silly games in washington. and do we go over the cliff? right now i would say the odds are very high that we do because these people have no appreciation for their responsibilities. either to themselves, their constituents or to the country. megyn: lou dobbs, always interesting talking to you. thank you so much for being here. >> thank
we have a dick durbin sound bite. dick durbin said that. he was in favor of that. >> i can't stand it. we're losing dick durbin sound bite. megyn: time is short. the point dick durbin couldn't sell it. >> dick durbin couldn't sell peanut butter to children. megyn: was raising retirement age one year, 20 or 30 years from now. >> here's the deal. the simpson-bowles commission was only a starter. it wasn't a solution. the reality is this government is too big, growing too fast,...
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you were just talking to senator durbin. what would be really good is if this sort of bland smoke, frankly, senator durbin's a friend of mine. but this bland smoke we're hearing on entitlements from democrats and taxes from republicans, if -- behind closed doors they're able to talk more specifically. i think this is what represents, actually, some kind of progress and i'm starting to feel a bit more hopeful than i was a few weeks ago that maybe we're going to start to get somewhere. >> yeah. maybe. i don't know. >> do we still have senator durbin with us? >> yes, i'm still here. >> i don't think he's run away. >> senator durbin, can you talk about putting medicaid to the side, social security to the side, focusing on medicare. put a dollar figure out. how much savings do you think is a reasonable number that democrats could tolerate? we know that the school of thought on taxes is somewhere between 800 and 1.6. we know that spending cuts will probably be $1.2 trillion or north of that. what number could you live with in spec
you were just talking to senator durbin. what would be really good is if this sort of bland smoke, frankly, senator durbin's a friend of mine. but this bland smoke we're hearing on entitlements from democrats and taxes from republicans, if -- behind closed doors they're able to talk more specifically. i think this is what represents, actually, some kind of progress and i'm starting to feel a bit more hopeful than i was a few weeks ago that maybe we're going to start to get somewhere. >>...
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. >> this morning, dick durbin didn't really want to get into specifics. you aren't hearing a lot of numbers from a lot of people, but did say he was encouraged. take a listen. >> if i sound bland and general at this point, it's exactly to the point he made. when the doors close and we sit down with revenue on one side, entitlements on the other, then we get specific and come up with a bipartisan plan. >> ryan, to susan's point of who is the president talking to, is this something to be hashed out between president obama and john boehner. >> i guess so. because dick durbin himself has been confusing in what he's been saying publicly. on sunday he said sure medicare and medicaid can be part of the discussion. today he's giving a speech where it should not be part of the conversation. there this morning he's saying once we get into a room, we can start talking about it. and there are ways that i think liberals would agree to do medicare and medicaid. you know, if you're tinkering on the supplier side like, you know, say medical device companies or something,
. >> this morning, dick durbin didn't really want to get into specifics. you aren't hearing a lot of numbers from a lot of people, but did say he was encouraged. take a listen. >> if i sound bland and general at this point, it's exactly to the point he made. when the doors close and we sit down with revenue on one side, entitlements on the other, then we get specific and come up with a bipartisan plan. >> ryan, to susan's point of who is the president talking to, is this...
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i thought, now, durbin, what are you going to do? i voted for it. it takes some leaders who were willing to sit down and make compromises and listen. in this case apparently the negotiations directly between the white house and speaker boehner, and rob neighbors in the white house, there is no better person for the president to assign to this job. i just think the world of him. i have known him for years and have the highest respect for him. i hope that speaker boehner will just agree to one basic principle and i think we can get this done. that the solution on the house side is going to be a bipartisan solution. it has to be bipartisan in the senate. but if this is going to be an exclusive, republican solution on the house side, i'm afraid we are going to reach the same impasse we have in the past. if he will make a commitment to a bipartisan solution in the house, i think we can get this done. >> questions from the press. gentleman over here. >> norm levy with the "los angeles times." you mentioned that medicaid is a special case. does that mean t
i thought, now, durbin, what are you going to do? i voted for it. it takes some leaders who were willing to sit down and make compromises and listen. in this case apparently the negotiations directly between the white house and speaker boehner, and rob neighbors in the white house, there is no better person for the president to assign to this job. i just think the world of him. i have known him for years and have the highest respect for him. i hope that speaker boehner will just agree to one...
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zachary, senator durbin says he could see $400 billion in entitlement cuts. democratic aides telling politico most of it is going to come from medicare in part by raising the retirement age. a move that more than two-thirds of americans oppose. that's according to the latest "washington post" poll. this is something that democrats are going to have a hard time signing off on. >> remember, the deal that was at least we know tentatively struck in the summer of 2011 was a much more extensive one in terms of entitlement cuts. i think it was up to $2 trillion. that was going to be really difficult for the democrats then. now you're talking $400 billion over ten years. $40 billion a year. these things have to happen. the question is will they happen in the next two weeks. this is where the republicans simply are in a weak position. if we go to january 1st and the dynamic is everything is going up because the republicans will not agree to taxes on the rich, i cannot see how that is a politically winning hand or an economically winning hand. >> we don't know all the
zachary, senator durbin says he could see $400 billion in entitlement cuts. democratic aides telling politico most of it is going to come from medicare in part by raising the retirement age. a move that more than two-thirds of americans oppose. that's according to the latest "washington post" poll. this is something that democrats are going to have a hard time signing off on. >> remember, the deal that was at least we know tentatively struck in the summer of 2011 was a much more...
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you hear now from the leading democrats like dick durbin saying don't go after social security. they are trying to lay out things they don't want touched but there has to be that. the problem with the white house is we haven't heard from the republicans what they are willing to do. >> isn't it the president's deal to bring everyone to the table? >> bret: there is pressure -- >> there is pressure on the president now. >> jonah? >> some of this is ludicrous. enormous amount of the public negotiating by people who aren't privy to negotiations. particularly from the senators. senators have nothing to do with any of this. who care what is lindsey graham's position is? he is not in on the negotiations. the republican and senate aren't in on the negotiations. there is something in the ecosystem in washington that senators cannot resist being part of the story, even when they have no part in the story. this is between house and white house now. boehner position strikes me as utterly reasonable. he wants more rev lieu without raising the tax rates. whether that is negotiating strategy or
you hear now from the leading democrats like dick durbin saying don't go after social security. they are trying to lay out things they don't want touched but there has to be that. the problem with the white house is we haven't heard from the republicans what they are willing to do. >> isn't it the president's deal to bring everyone to the table? >> bret: there is pressure -- >> there is pressure on the president now. >> jonah? >> some of this is ludicrous. enormous...
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durbin will take heavy pounding. so will the rest. they all go home. the good ones have town meetings and speak for five minutes and stay for two hours and let people show them. i have done that for years. they will say, i did not agree with you at all but you came in and ask questions. i will continue to do that the rest of my days. i always did. did you hear what joe biden said? i said, what did he say? they say, he got his foot in his mouth. i say, i have done it more. we have got to be who we are and take the stuff. >> the best part about spending the last two years on the road with this american treasurer is we have gone to see liberal groups, conservative groups, business people, ordinary citizens, every stripe you can imagine, we have had a chance to talk to. we have had a chance to educate a lot of people about what the real problem is. i think you are right. there has been no punishment. i think people are ahead of politicians. that often happens. if they appreciate anything about what al and i have done, it is that we have been honest with th
durbin will take heavy pounding. so will the rest. they all go home. the good ones have town meetings and speak for five minutes and stay for two hours and let people show them. i have done that for years. they will say, i did not agree with you at all but you came in and ask questions. i will continue to do that the rest of my days. i always did. did you hear what joe biden said? i said, what did he say? they say, he got his foot in his mouth. i say, i have done it more. we have got to be who...
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host: senator dick durbin speaking yesterday on abc. we have been talking about republicans signaling flexibility on their anti-tax pledge. it's part of negotiations going on right now over the fiscal cliff. tonight on c-span, we will go back to our archives to show you some of the august 2011 debate and news conferences from the u.s. house and senate and the white house as congress considered and passed the budget control act. that is the law that created sequestration, which is the automatic spending cuts split between defense and non-defense spending. it's all part of what is being debated right now in the house and senate and white house. the sequester is set to take effect on january 1 along with some expiring tax provisions, part of what folks are calling the fiscal cliff. that's tonight on c-span at 8:00, looking back on what started this debate and how congress is dealing with it now. thanks for all your calls. coming up, the future of the republican party,. with matt, later we will talk with dan glickman on whether congress can
host: senator dick durbin speaking yesterday on abc. we have been talking about republicans signaling flexibility on their anti-tax pledge. it's part of negotiations going on right now over the fiscal cliff. tonight on c-span, we will go back to our archives to show you some of the august 2011 debate and news conferences from the u.s. house and senate and the white house as congress considered and passed the budget control act. that is the law that created sequestration, which is the automatic...
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senator durbin? >> thank you, senator reid. we can debate at length whether the november 6th election was -- >> comments from the senate majority leader, harry reid. essentially saying the exact same thing that speaker boehner did except mr. reid chiding republicans, if you will, saying we're still waiting on a serious offer from the republicans. just a few moments ago, as you did hear live on cnbc, it was speaker boehner saying democrats have yet to get serious. you can continue to watch the comments from senator durbin, senators schumer and murray are also there as well, likely to speak. you can continue to see that as you see at the bottom of your screen on cnbc.com. >>> let's head down to capitol hill and our own eamon javers. i know you keep saying this is a negotiating tactic being used by both sides. it seems as though the markets and the investing public are the ones being held hostage. >> reporter: absolutely. they must feel that way up there on wall street. i can tell you in washington terms, this is a little bit of e
senator durbin? >> thank you, senator reid. we can debate at length whether the november 6th election was -- >> comments from the senate majority leader, harry reid. essentially saying the exact same thing that speaker boehner did except mr. reid chiding republicans, if you will, saying we're still waiting on a serious offer from the republicans. just a few moments ago, as you did hear live on cnbc, it was speaker boehner saying democrats have yet to get serious. you can continue to...
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entitlement reform but then in the next moment dick durbin says he doesn't want to change medicare. take a listen. >> we have got to make sure that there is seemless coverage of affordable health insurance for every american. my concern about raising that medicare retirement age is there will be gaps in coverage. this has been the problem so far. republicans don't want to give in on taxes they say they will will, they will make some concessions but they haven't yet. democrats say they are willing to work and make concessions on entitlement reform but sketchy on the details. both sides know what they need to do to find common ground but they haven't done it yet. >> ed henry at the white house. thanks. president obama has chosen a new head of the securities and exchange regulation. who heads wall street. her name is elise walter. she has been a member of the commission since president george w. bush appointed her in 2008. she is set now to replace mary shapiro who took over in the middle of the worst financial crisis since the great depression. mary shapiro is credited with leading th
entitlement reform but then in the next moment dick durbin says he doesn't want to change medicare. take a listen. >> we have got to make sure that there is seemless coverage of affordable health insurance for every american. my concern about raising that medicare retirement age is there will be gaps in coverage. this has been the problem so far. republicans don't want to give in on taxes they say they will will, they will make some concessions but they haven't yet. democrats say they are...
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but today for example dick durbin, the number two leader of the democrats in the senate came out and gave a policy speech. he has a lot of credibility on deficit reduction. while he said medicare and medicaid changes in those programs should not be part of the first step, the democrats have to look at that down the road in order to be constructive on deficit reduction. this is a senator, liberal democrat, part of the gang of six, somebody with a lot of credibility on deficit issues. i think that opens the door a little bit. you're seeing it on the democratic side. you're seeing it a little bit on the republican side. >> both sides are going to have to open the door more than just a little bit. they're going to have to make a deal. >> because the one mandate from the public was fix things. >> fix it. and do it quick. gloria, thank you. cnn's getting exclusive new information and photographs of paula broadwell, her affair with jen david petraeus forced him to leave the cia. now her friends are coming to her defense. >>> and a 7-year-old cancer patient tries a controversial treatment. m
but today for example dick durbin, the number two leader of the democrats in the senate came out and gave a policy speech. he has a lot of credibility on deficit reduction. while he said medicare and medicaid changes in those programs should not be part of the first step, the democrats have to look at that down the road in order to be constructive on deficit reduction. this is a senator, liberal democrat, part of the gang of six, somebody with a lot of credibility on deficit issues. i think...
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but illinois democratic senator dick durbin doesn't want to touch social security. he thinks the new revenue should come from an increase on the tax rates of top earners, which is currently 35%. >> let the rates go up to 39. let us also take a look at the deductions. let's make sure that revenue is an integral part of deficit reduction. from my side of the table, bring entitlement reform into the conversation. social security, set aside, doesn't add to the deficit. when it comes to medicare and medicaid, protect the integrity of the program, but give it solvency for more and more years. >> reporter: a source with engine of knowledge -- with knowledge of the negotiation says there is no date set in stone for the next meeting among the principle negotiate othe timing will depend on the progress of staff member, in the next few days. but we should not be surprised if they get together, sthiem week. shannon. >> shannon: we wish them much luck. thank you. our worst-case scenario, there isn't a deal. the former economics director it'll peter tracy, tells what did you say
but illinois democratic senator dick durbin doesn't want to touch social security. he thinks the new revenue should come from an increase on the tax rates of top earners, which is currently 35%. >> let the rates go up to 39. let us also take a look at the deductions. let's make sure that revenue is an integral part of deficit reduction. from my side of the table, bring entitlement reform into the conversation. social security, set aside, doesn't add to the deficit. when it comes to...
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remember dick durbin on your show earlier in the week put that $400 billion marker down. democrats privately tell us they'll go higher, perhaps much higher if republicans get serious on raising taxes. they'll cut spending by about $1.2 trillion, which is the total of sequestration. and they'll probably have to throw in a debt limit increase to avoid hitting that in february. people involved in the talks feel like they can get there. there's no doubt it's going to take some time, boehner has to get republicans more comfortable with raising taxes including raising rates. i don't think there's a scenario where the rates don't go up on people making over $250,000. and democrats have to get more comfortable with entitlement changes. but at the end of the day, obama can deliver democrats. and i think boehner's stronger today than he was three months ago, and he could deliver more republicans than he could of them. >> on that question of taxing the wealthy, you alluded to it in a comprehensive piece that you and mike allen wrote, everybody ought to read it at "politico" today. y
remember dick durbin on your show earlier in the week put that $400 billion marker down. democrats privately tell us they'll go higher, perhaps much higher if republicans get serious on raising taxes. they'll cut spending by about $1.2 trillion, which is the total of sequestration. and they'll probably have to throw in a debt limit increase to avoid hitting that in february. people involved in the talks feel like they can get there. there's no doubt it's going to take some time, boehner has to...
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senator dick durbin today suggested that medicare, medicaid and social security ought to be taken off the table for the fiscal cliff covers this year. so where are they going to find these spending cuts? it's going to be kind of painful. take a look at what simpson boles proposes that is sort of the jumping off point for a lot of this debate. they say in the year 2015 going to have $372 billion worth of savings in their plan and start on the defense side, you can see why some of this is going to be so very painful for so many members on capitol hill. want to reduce defense procurement by 15%, they want to reduce overseas bases by 30%, a huge number. that would save just 8.5 billion. they want to freeze dod compensation for three years saving 5.3 billion. and then on the domestic side, they would reduce the congressional and white house budgets by 15% and as appealing that is sounds to most americans it is only going to save about 0.8 billion. they would cut the federal workforce by 10s for 13.2 billion and slow the growth of foreign aid. so brian, as you can see here, there are a lot
senator dick durbin today suggested that medicare, medicaid and social security ought to be taken off the table for the fiscal cliff covers this year. so where are they going to find these spending cuts? it's going to be kind of painful. take a look at what simpson boles proposes that is sort of the jumping off point for a lot of this debate. they say in the year 2015 going to have $372 billion worth of savings in their plan and start on the defense side, you can see why some of this is going...
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senators durbin and coburn, both sides, were working on a deal. have you patty murray now empowered by having led the democrats to success in their senate re-election campaign. and she is the incoming head of the budget committee. she is at the table. you've got a group of people on both sides who really want to make this work. and i think the speaker what he is doing as ken just said is sending some red meat, but i don't think anyone seriously thinks that the election mandate is to revisit health care. that is a done deal. >> let me revisit where we started the program this morning. the president believes that a second term agenda is about restoring some faith in the fact that government can work, and this is the first test of that. but then there is immigration reform, which he wants to get done. there's got to be some attention on energy. there's the issue of climate change. but how much of his time is going to be dominated by the necessity for america to figure out what its new strategy is in the middle east, beyond winding down our military f
senators durbin and coburn, both sides, were working on a deal. have you patty murray now empowered by having led the democrats to success in their senate re-election campaign. and she is the incoming head of the budget committee. she is at the table. you've got a group of people on both sides who really want to make this work. and i think the speaker what he is doing as ken just said is sending some red meat, but i don't think anyone seriously thinks that the election mandate is to revisit...
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same thing yesterday with dick durbin who came on the show because eric said, okay, we'll do deals on taxes, but you brought up capital gains tax, no. carried interest, no. raising the actual marginal rates, no, we don't want to do that yet when he left we got calls from democrats saying does he really want to make a deal? >> i got two yesterday that -- >> i got e-mails from democrats going wow, he sounds like he wants to make a deal. one senator said did he really mean what he said? considering that he said nothing, yeah, i guess so but it was the tone then yesterday dick durbin came on and we had to basically stop asking about medicare about three or four minutes in because it was nonsensical talking about creating new programs. but this is a guy that also supporting simpson bowles and let us know like eric, we'll make a deal and figure it out. >> both sides at various times tells you something about recent history. you think about where republicans were a year and a half ago, where their attitude was, no, we will not discuss revenues, not one penny, ever, ever, ever so for cantor t
same thing yesterday with dick durbin who came on the show because eric said, okay, we'll do deals on taxes, but you brought up capital gains tax, no. carried interest, no. raising the actual marginal rates, no, we don't want to do that yet when he left we got calls from democrats saying does he really want to make a deal? >> i got two yesterday that -- >> i got e-mails from democrats going wow, he sounds like he wants to make a deal. one senator said did he really mean what he...
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. >> some entitlement reform is okay with illinois democratic senator durbin but he thinks social security should be last alone. >> social security does not add one penny to our debt. it is a separate funded operation and we can do things and i believe we should, now, played out long term that gives it solvency. >>peter: congressman king says no one will get what he wants but in president reagan and thomas "tip" o'neill could make a deal, so, too, should speaker boehner and president obama. >>gregg: and now the top people responsible for our defense, first, general petraeus resigning as head the c.i.a. amid scandal. there could also be big changes at the pentagon. as well at state department. whoever the president chooses, it could impact, for example, the use of armed drones taking out al qaeda overseas. and lots of other security matters. and now, a fox news contributeor and pollster joining us, and former senior advisor to senator john mccain. the use of the unmanned drones to take out terrorists who want to murder americans, on its face it should be a no-brainer but national security a
. >> some entitlement reform is okay with illinois democratic senator durbin but he thinks social security should be last alone. >> social security does not add one penny to our debt. it is a separate funded operation and we can do things and i believe we should, now, played out long term that gives it solvency. >>peter: congressman king says no one will get what he wants but in president reagan and thomas "tip" o'neill could make a deal, so, too, should speaker...
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Nov 28, 2012
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durbin said no. norquist is saying no tax increase. what else is there? am i missing something? what am i missing? blankfe >> stallen made a lot of sense. mass murderer about you doesn't mean he didn't make sense. >> blankfein, kent, mayer, roberts of comcast. is there anything these guys can say to change their tune? to get people -- >> we're just past thanksgiving. let's give it a little time. things can change. we've seen lots of back and forth. everybody is establishing their negotiating position. there's still a negotiation to come in some way. i'll take the optimistic view. >> maybe that's where they are starting from. >> a reset button? >> we have yet to get in there and see whether in fact there can be the ability to knock heads around and really figure something out here from the executive, the chief executive, that being the president and the leaders of both sides whether it be boehner and whether he can control his side of things and/or reid in the senate and whether we see moderates step up to try to get something done. i'm not willing to say as you seem to be that w
durbin said no. norquist is saying no tax increase. what else is there? am i missing something? what am i missing? blankfe >> stallen made a lot of sense. mass murderer about you doesn't mean he didn't make sense. >> blankfein, kent, mayer, roberts of comcast. is there anything these guys can say to change their tune? to get people -- >> we're just past thanksgiving. let's give it a little time. things can change. we've seen lots of back and forth. everybody is establishing...
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Nov 28, 2012
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also dick durbin on fiscal cliff negotiations. political will host a discussion of the fiscal cliff with grow from norquist on c- span to add it o'clock a.m. eastern. i not o'clock a.m. eastern, tom foley and others look at lessons from the 1990 budget deal. the president of amtrak and a representative of the united transportation unit will speak about the operations aboutamtrak. >> washington went to harvard law school. at the urging of one of his brothers, he went to illinois. he of thrived after about eight months' journey by ship, state ge coach into a mining town. he boarded himself in a log cabin. he established a law practice. he worked his way up. he became a successful lawyer and got involved politically. he ran for congress and served eight terms. he befriended abraham lincoln from illinois and ulysses s. grant. as they were on the rise, washbourne was a close confidant during the civil war. after grant was elected president, he appointed washbourne secretary of state. washbourne became ill. his family feared for his lif
also dick durbin on fiscal cliff negotiations. political will host a discussion of the fiscal cliff with grow from norquist on c- span to add it o'clock a.m. eastern. i not o'clock a.m. eastern, tom foley and others look at lessons from the 1990 budget deal. the president of amtrak and a representative of the united transportation unit will speak about the operations aboutamtrak. >> washington went to harvard law school. at the urging of one of his brothers, he went to illinois. he of...
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. >> but durbin, where did he come from? >> that's what i mean. >> i'm trying to figure out -- trying to see his personal situation. where did he find religion all of a sudden? he's an obama ally and suddenly he's talking -- are you looking at all these things very specifically? looking at the fix and option action. you can tell from the market. >> the most aggravating thing is that we're sitting here talking about the government and what the market is going to do as a function of what the government does. if you look at the volatility markets, i think it's incredibly interesting. the market is being very rational. the vix is really a function of liquidity. liquidity in the system is incredibly stable. the markets are -- that will significantly drive higher levels, if you look at ted spreads and where bank funding is. that's the real significant spikes index, so you need to be careful to hedge your portfolios right now. but right now, the markets, the s&p markets are really pricing in a very range bound market through januar
. >> but durbin, where did he come from? >> that's what i mean. >> i'm trying to figure out -- trying to see his personal situation. where did he find religion all of a sudden? he's an obama ally and suddenly he's talking -- are you looking at all these things very specifically? looking at the fix and option action. you can tell from the market. >> the most aggravating thing is that we're sitting here talking about the government and what the market is going to do as a...
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Nov 27, 2012
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we are going to be covering the discussion with dick durbin, the assistant majority leader, democrat of illinois at any event today. live coverage on c-span, 11:30, c-span and, . if you miss it, go to our video library. on the front page of the financial times, stepping down from the sec. mary schaepiro is stepping down after nearly four years in charge of the top stock market regulator. bill, maryland, on our line for independents. what are your thoughts? caller: i think we have already gone over it a long time ago. we are like a family or small business that is bringing in $200,000 each year. their borrowing in other $100,000 each year. and then you hear these people talking about, we are going to raise the taxes on the rich. what is that going to do? bring in other a thousand dollars and. it is insane. these politicians have screwed us, screwed our children. they just keep reelecting the same people. in the wall street journal this morning -- they write this, why $16 trillion only hint of the true united states debt. the actual liabilities of the federal government including socia
we are going to be covering the discussion with dick durbin, the assistant majority leader, democrat of illinois at any event today. live coverage on c-span, 11:30, c-span and, . if you miss it, go to our video library. on the front page of the financial times, stepping down from the sec. mary schaepiro is stepping down after nearly four years in charge of the top stock market regulator. bill, maryland, on our line for independents. what are your thoughts? caller: i think we have already gone...
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Nov 28, 2012
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. >> dick durbin says when you're talking about entitlement reform or cuts in spending for medicare, medicaid for example, he says that's too complicated now. listen to what he said this morning. >> when it comes to medicare, we know that it's going to run out of money in 12 years. whatever changes we want to make should be thoughtful changes not made in the heat of the fiscal cliff. >> can you defer medicare for example -- medicare reform until after you get a deal on the fiscal cliff? >> well, if we do that, wolf, i think what you have to do is also defer the issue of taxes. i think you extend tax rates some time into the foreseeable future whether that's six months or a year and allow us to go through the process where we can deal with entitlement reform and tax reform in regular order. i don't see republicans supporting something up here that deals with taxes that doesn't have entitlement reform incorporated into that. so i think right now we're a little bit of a standoff, but the way to solve this would be of course to extend the existing tax rates which is by the way something
. >> dick durbin says when you're talking about entitlement reform or cuts in spending for medicare, medicaid for example, he says that's too complicated now. listen to what he said this morning. >> when it comes to medicare, we know that it's going to run out of money in 12 years. whatever changes we want to make should be thoughtful changes not made in the heat of the fiscal cliff. >> can you defer medicare for example -- medicare reform until after you get a deal on the...
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. >>> tomorrow, tim pawlenty, illinois senator dick durbin and singer dionne warwick. >> great show. meanwhile, cnn "newsroom" with carol costello begins right now. >>> tear gas in cairo near the u.s. embassy as the fight for democracy goes on. >> face to face. susan rice and john mccain, the man who wanted watergate style hearings, meet. and only cnn catches up with mccain before the big meeting. >> what do you have to learn today from miss rice? >> whatever ambassador rice wants to tell me. she's the one who asked for the meeting. i didn't. >> wouldn't you like to be a fly on the wall? >>> spyfall, real-life bond movie. yasser arafat's body was exhumed. was the palestinian leader po h poisoned by israeli spies? >>> plus this. >> you said walden is in trouble. >> i'm the trouble walden has been in, repeatedly. >> he calls it filth, the half in "two and a half men" begs you not to watch his show. "newsroom" starts now. >>> good morning to you. thank you so much for being with us. i'm carol costello. we begin with a high stakes meeting just minutes from now. this hour, the u.s. ambass
. >>> tomorrow, tim pawlenty, illinois senator dick durbin and singer dionne warwick. >> great show. meanwhile, cnn "newsroom" with carol costello begins right now. >>> tear gas in cairo near the u.s. embassy as the fight for democracy goes on. >> face to face. susan rice and john mccain, the man who wanted watergate style hearings, meet. and only cnn catches up with mccain before the big meeting. >> what do you have to learn today from miss rice?...
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Nov 22, 2012
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. >> dick durbin, senator from illinois, i think the number two person in the senate, he said he thought lindsay gramm had a right, there should be some deference to the president. when the gramm was one of the few republicans who voted for elena kagan. hopefully that will have some traction. the last question will come from and all of an audience -- from an alumna in the audience. what qualities should the law school be focusing on as we train the next generation of lawyers? >> a law degree give you a license, kind of a monopoly on the practice of law. it's supposed to be an honored profession. if you are not satisfied with merely turning over a bus, you know it is something special and you know it to your community to use your talent to help make things a little better for others. i think a lawyer who commits herself to public service to make a living and to remember that people who desperately need it representation and will not have a, she care. i do not think someone who says i will do my job and collect my fees and and not interested in the rest of the world -- i do not consider th
. >> dick durbin, senator from illinois, i think the number two person in the senate, he said he thought lindsay gramm had a right, there should be some deference to the president. when the gramm was one of the few republicans who voted for elena kagan. hopefully that will have some traction. the last question will come from and all of an audience -- from an alumna in the audience. what qualities should the law school be focusing on as we train the next generation of lawyers? >> a...
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. >> but when asked if he'd be willing to reform social security, senator durbin says social security doesn't add one penny to the debt. that it's a separately funded operation. one final note, the president was out shopping on saturday and when asked by a pool reporter if that was his part to avoid the so-called fiscal cliff, the president said, come on, guys, we're just christmas shopping here. that's it from the white house. talks expected to continue this week. back to you. >> steve: let the games begin. douglas, thank you. >> gretchen: now to the rest of today's headlines, brand-new evidence that could have changed the outcome of the casey anthony murder trial. police in florida now admitting that they missed a google search done by someone in the anthony household. the search seems kind obvious. it was for the words, foolproof suffocation. the search done the same day two-year-old caylee anthony was last seen live. the mom acquitted of her daughter's murder, even her defense attorney says he was shocked this never came up in court. >> steve: meanwhile, it's like low jack for wom
. >> but when asked if he'd be willing to reform social security, senator durbin says social security doesn't add one penny to the debt. that it's a separately funded operation. one final note, the president was out shopping on saturday and when asked by a pool reporter if that was his part to avoid the so-called fiscal cliff, the president said, come on, guys, we're just christmas shopping here. that's it from the white house. talks expected to continue this week. back to you. >>...
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you have senator durbin talking about hang-ups in the united states. you have the vote over in barcelona. there's a lot of self-inflicted political wounds the market is trying to price in. volatility will be a function of this political instability for at least a handful of weeks going into the first quarter of 2013. >> what was last week about? 400 points. great day on friday albeit shortened session, light volume. was that real? was it fake? what was your impression? >> a mismatch between fundame fundamenta fundamentals. you saw economic news out of the united states. corporate news wasn't bad. you saw news out of china which was improving. global growth story is okay. it's far from great. it's okay. you have europe in recession. germany continues to chug along at an okay level. on a mixed data environment when you get excesses of pricing, you get bouncebacks as well. >> given uncertainty over tax, would you be as inclined to be aggressive in what is a good month or preserve gains for the year? >> it depends on what they are trying to accomplish. dep
you have senator durbin talking about hang-ups in the united states. you have the vote over in barcelona. there's a lot of self-inflicted political wounds the market is trying to price in. volatility will be a function of this political instability for at least a handful of weeks going into the first quarter of 2013. >> what was last week about? 400 points. great day on friday albeit shortened session, light volume. was that real? was it fake? what was your impression? >> a mismatch...
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Nov 21, 2012
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he actually had to walk out of the negotiations because when he sat there with durbin he said i'm not really for tax increases i'm just putting tax increases on the table, and he's giving me all these spending cuts and i haven't agreed to anything. i just talk about tax increases. and i said a senator, do you think it is possible but he goes back to the democratic caucus and says i'm putting these imaginary spending cuts on the table and he didn't know these tax increases and tom coburn said he would never be that dishonest. i think he is and i think you are not. i think he takes you seriously and you should not take him seriously. but again, they spend more than a year putting the simpson-bowles which of you haven't seen it is a slide presentation outline, the only numbers are in the page numbers. it's a series of interesting things. the tax burden is to go up from 18.5% and full employment to 21. that is a 5 trillion-dollar tax increase over a decade. the opening bid, plus and a trillion dollars of the tax increases from eliminating and reducing deductions and exemptions and so on,
he actually had to walk out of the negotiations because when he sat there with durbin he said i'm not really for tax increases i'm just putting tax increases on the table, and he's giving me all these spending cuts and i haven't agreed to anything. i just talk about tax increases. and i said a senator, do you think it is possible but he goes back to the democratic caucus and says i'm putting these imaginary spending cuts on the table and he didn't know these tax increases and tom coburn said he...